CREDOFIN
ActiveCREDOFIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €256k and a net result of €-16k. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 19% of 2393 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2393 sector peers (2025).
NBB · sector comparisonPosition among 2393 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d early
2023
28 d early
2022
33 d early
2021
33 d early
2020
16 d early
2019
13 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€256k▼ 1.5%
2024 · €260k
2018: €319k
2019: €297k
2020: €287k
2021: €247k
2022: €276k
2023: €246k
2024: €260k
2018 → 2025
Net result
€-16k
2024 · €14k
2018: €75k
2019: €68k
2020: €80k
2021: €35k
2022: €96k
2023: €16k
2024: €14k
2018 → 2025
Total assets
€2.09M▲ 133%
2024 · €899k
2018: €828k
2019: €798k
2020: €782k
2021: €700k
2022: €726k
2023: €575k
2024: €899k
2018 → 2025
Solvency
12.2%▼ 16.7pp
2024 · 28.9%
2018: 38.5%
2019: 37.2%
2020: 36.7%
2021: 35.3%
2022: 38.0%
2023: 42.8%
2024: 28.9%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€247k-€276k▲ 11.7%€246k▼ 10.6%€260k▲ 5.5%€256k▼ 1.5%
Operating result€57k-€158k▲ 176%€34k▼ 78.3%€34k▼ 0.3%€19k▼ 44.0%
Net result€35k-€96k▲ 175%€16k▼ 83.6%€14k▼ 13.9%€-16k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 44% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.09M
Fixed assets
€1.76M▲ 174%
Current assets
€333k▲ 29.3%
Equity and liabilities €2.09M
Equity
€256k▼ 1.5%
Provisions
€12k▼ 15.2%
Debt
€1.83M▲ 192%
The debt ratio rises from 69.5% to 87.2%: debt grows while equity shrinks.
Key figures and ratios
Solvency
12.2%▼
2024 · 28.9%
ROE
-6.1%▼
2024 · 5.2%
ROA
-0.7%▼
2024 · 1.5%
Debt
€1.83M▲
2024 · €625k
Debt ≤ 1 year
€545k▲
2024 · €173k
Debt > 1 year
€1.28M▲
2024 · €452k
Income taxes
€1k▼
2024 · €13k
Staff costs
€475k▲
2024 · €224k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€899k€2.09M▲
Fixed assets21/28€642k€1.76M▲
Intangible fixed assets21€389k€307k▼
Tangible fixed assets22/27€253k€1.45M▲
Land and buildings22€240k€1.39M▲
Plant, machinery and equipment23€5k€281▼
Furniture and vehicles24€8k€61k▲
Other tangible fixed assets26-€4k
Financial fixed assets28€100€100=
Current assets29/58€257k€333k▲
Amounts receivable within one year40/41€128k€146k▲
Trade receivables40€103k€65k▼
Other amounts receivable41€25k€81k▲
Cash at bank and in hand54/58€88k€90k▲
Deferred charges and accrued income490/1€42k€96k▲
Equity and liabilities
Total equity and liabilities10/49€899k€2.09M▲
Equity10/15€260k€256k▼
Contributions10/11€184k€202k▲
Reserves13€76k€54k▼
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Tax-exempt reserves132€50k€44k▼
Distributable reserves133€26k€8k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€15k€12k▼
Deferred taxes168€15k€12k▼
Amounts payable17/49€625k€1.83M▲
Amounts payable after more than one year17€452k€1.28M▲
Financial debts170/4€452k€1.28M▲
Amounts payable within one year42/48€173k€545k▲
Current portion of amounts payable after more than one year42€76k€128k▲
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€42k€144k▲
Suppliers440/4€42k€144k▲
Taxes, remuneration and social security45€53k€118k▲
Taxes450/3€14k€44k▲
Remuneration and social security454/9€39k€74k▲
Other amounts payable47/48€2k€125k▲
Income statement
Code20242025
Remuneration, social security and pensions62€224k€475k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€299k▲
Other operating charges640/8€3k€7k▲
Non-recurring operating charges66A-€100k
Gross operating margin9900€342k€900k▲
Operating profit (loss)9901€34k€19k▼
Financial income75/76B€902€2k▲
Recurring financial income75€902€2k▲
Financial charges65/66B€11k€38k▲
Recurring financial charges65€11k€38k▲
Profit (loss) for the period before taxes9903€24k€-17k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€13k€1k▼
Profit (loss) for the period9904€14k€-16k▼
Transfer from tax-exempt reserves789€7k€7k=
Profit (loss) for the period to be appropriated9905€20k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€-9k▼
Transfer from equity791/2€0€89k▲
Transfer to equity691/2€20k€0▼
To other reserves6921€20k€0▼
Profit to be distributed694/7€0€80k▲
Return on contributions (dividend)694€0€80k▲
Social balance
Average headcount (FTE)90873.2-
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-16k ▼215%
Net result drops to €-16k, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €96k ▲175%
Operating result €158k, net result €96k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
under verification, last change in 2025
This board is reconstructed from a single act (25099093). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
CAREMI INVEST
CurrentVast vertegenwoordigd · since 04-08-2025 · Private limited company · perm. rep.: MATTHEEUWS Carlo
FENA
CurrentVast vertegenwoordigd · since 04-08-2025 · Private limited company · perm. rep.: VAN NEVEL Nathalie
LDK FINANCE
CurrentNon-statutory director · since 04-08-2025 · Private limited company
LELA FINANCE
CurrentVast vertegenwoordigd · since 04-08-2025 · Private limited company · perm. rep.: WILLEMS Inge Raymonde Isabelle
04-08-2025
CAREMI INVEST: Appointed as Vast vertegenwoordigd
04-08-2025
FENA: Resigned as Statutair bestuurder
04-08-2025
FENA: Appointed as Vast vertegenwoordigd
04-08-2025
LDK FINANCE: Appointed as Non-statutory director
04-08-2025
LELA FINANCE: Resigned as Statutair bestuurder
04-08-2025
LELA FINANCE: Appointed as Vast vertegenwoordigd
04-08-2025
De Kesel Leen: Resigned as Director
04-08-2025
Mattheeuws Carlo: Resigned as Director
04-08-2025
VADEVE: Resigned as Statutair bestuurder
Not every act has been read: a resignation may be missing here
10 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Lievegem · 1 establishment unit since 2007
Ground area
394 m²
Building footprint
147 m²
Volume, LiDAR
940 m³
Parcel 44452B0812/00D000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CREDOFIN
since 20072.165.872.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44452B0812/00D000 | Flanders | 394 m² | 1 · 147 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,663 companies in sector 66220 we hold annual accounts for 3,215. 2,772 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2007
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.